Breaking local news in Boksburg
A massive inter-governmental search-and-seizure operation across five provinces was carried out yesterday to break the back of a sophisticated criminal syndicate of alleged coal-smugglers, who played a major role in exacerbating the energy crisis and load-shedding.
“It is due to such hard work, often behind the scenes, that leads to these investigative breakthroughs and ensures that South Africans can return to a lifestyle without load-shedding. These targeted operations also help to prevent the loss of revenue to the fiscus, which in this case amounted to more than R500m,” SARS adds.
SARS managed to establish links between individuals and related entities and confirmed possible gross contraventions from a tax perspective in terms: Under-declaration of income.The sophisticated network of coal-smugglers is suspected to consist of local and foreign nationals. Coal trucks destined for power stations are diverted to designated coal yards where high-grade coal is replaced with low-grade or sub-standard product.
SARS commissioner Edward Kieswetter commends the country’s law enforcement agencies for this massive breakthrough in ongoing investigations.
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